Reed Hastings

Facebook Annual Meeting Set For May 22

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Facebook’s 2014 annual meeting will be held Thursday, May 22, at 11 a.m. PT, at the Sofitel San Francisco Bay in Redwood City, Calif., and shareholders will vote on the company’s board of directors, as well as on ratifying the appointment of Ernst & Young as Facebook’s independent registered public accounting firm for the fiscal year ending Dec. 31, and on five other stockholder proposals, the social network revealed in a Schedule 14A filing with the Securities and Exchange Commission.

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Facebook Floods SEC With Form 4 Filings

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Facebook followed up Wednesday’s Form 8-K/A filing with the Securities and Exchange Commission, in which it stipulated that non-binding advisory votes on the company’s executives’ compensation will be held every three years, with a host of Form 4 filings detailing the exercising of restricted stock units, by Chief Financial Officer David Ebersman, Vice President and General Counsel Colin Stretch, Chief Technology Officer Mike Schroepfer, Chief Accounting Officer Jas Athwal, and Directors Reed Hastings and Erskine Bowles.

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Netflix Already Using Facebook To Break Company News

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It didn’t take long for Netflix to start informing investors through Facebook. Last week, the Securities and Exchange Commission ruled that companies can keep investors abreast of news through Facebook, Twitter, and other social media sites — a decision largely motivated by Netflix CEO Reed Hastings. Thursday, Hastings took to Facebook to announce that over the past three months, Netflix users have watched 4 billion hours of programming.

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